VMS TMT IPO

VMS TMT IPO is a book build issue of Rs 148.50 crores, consisting entirely of a fresh issue of 1.50 crore shares. The IPO will open for subscription on September 17, 2025, and close on September 19, 2025. Allotment is expected on September 22, 2025, with listing scheduled on BSE and NSE on September 24, 2025. The price band is set between Rs 94 to Rs 99 per share. The lot size is 150 shares, requiring a minimum retail investment of Rs 14,850. For sNII, the investment is Rs 2,07,900 (14 lots), while bNII requires Rs 10,09,800 (68 lots). Arihant Capital Markets Ltd. is the lead manager, and Kfin Technologies Ltd. is the registrar.

VMS TMT IPO Details

Check out the issue details for VMS TMT IPO as disclosed in SEBI.

Price Band

₹ 94 - 99

Issue Size

148.5 Cr.

Issue Type

Book Built

Open

2025-09-17

Close

2025-09-19

VMS TMT News

VMS TMT coming with IPO to raise upto Rs 149 crore15 Sep 2025, 4:09PM

Company Financials

You can get the following financial statements of VMS TMT as of now.

Company Name

VMS TMT

Exchange

NSE: VMSTMT

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

VMS TMT IPO Details

The details about the VMS TMT IPO are as follows:

  • The issue size of the IPO is Rs 148.50 Cr.
  • The price band for VMS TMT IPO is Rs 94 to Rs 99.
  • The shares of VMS TMT IPO will list on BSE and NSE.
  • The latest tentative GMP of VMS TMT IPO is Rs 21.
  • The shares of VMS TMT IPO are subscribed _ Times.

 

VMS TMT IPO Valuation

The approximate valuation of VMS TMT IPO based on its price band and RHP is:

Particulars Value
Upper Price Band Rs 99
Existing Shares (Qty) 3.46 Cr
Fresh Issue Rs 148.50 Cr
Market Cap Rs 491.04 Cr
EPS (FY25) Rs 4.29
PE Ratio 23.07x
Industry PE 9.47x

 

VMS TMT IPO Issue Size

VMS TMT IPO issue size is Rs 148.50 Cr.

Issue Amount
Fresh Issue Rs 148.50 Cr
Offer For Sale Rs 0 Cr

 

VMS TMT IPO Market Lot

An individual can apply for a minimum of 1 lot of 150 shares and a maximum of 13 lots (1,950 shares). Find the details below:

Application Lot Shares Amount
Retail Minimum 1 150 Rs 14,850
Retail Maximum 13 1,950 Rs 1,93,050

 

VMS TMT IPO Share Offer

The shares of VMS TMT IPO are subscribed _ Times. The category-wise shares offered are as follows:

Category % Offered
Qualified Institutional Not more than 30%
Non-Institutional Not less than 20%
Retail Individual Not less than 50%

 

VMS TMT IPO GMP (Grey Market Premium)

As on GMP (Tentative)
15 September 2025 Rs 21

VMS TMT IPO GMP is purely for informational purposes. Invest in an IPO after thoroughly researching on your own.

VMS TMT IPO Dates

Find below the dates for VMS TMT IPO

Schedule Date
Basis of Allotment 22 Sep 2025
Refunds 23 Sep 2025
Credit to Demat Account 23 Sep 2025
IPO Listing Date 24 Sep 2025

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2022 Mar 2023 Mar 2024 Mar 2025
Net Sales 493.73 882.01 872.96 770.19
Total Expenditure 477.69 860.01 831.47 723.08
Operating Profit 16.04 22.01 41.49 47.11
Other Income 0.02 0.04 0.21 1.22
Interest 5.62 12.93 18.47 21.43
Depreciation 1.44 3.58 3.93 6.81
Exceptional Items 0 0 0 0
Profit Before Tax 9 5.55 19.3 20.09
Provision for Tax 2.12 1.35 5.83 4.67
Net Profit 6.88 4.2 13.47 14.74
Adjusted EPS (Rs.) 0.28 0.13 0.4 0.45

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity and Liabilities
Share Capital 9.9 12.61 13.34 34.63
Total Reserves 8.8 18.23 33.18 38.56
Borrowings 70.92 93.44 104.53 124.9
Other N/C liabilities 2.09 3.83 5.84 7.36
Current liabilities 66.12 99.22 128.26 207.65
Total Liabilities 157.82 227.33 285.14 413.1
Assets
Net Block 71.18 75.75 73.76 174.5
Capital WIP 0 3.61 51.68 0.06
Intangible WIP 0 0 0 0
Investments 0 0 0 0
Loans & Advances 0.44 15.57 11.66 1.17
Other N/C Assets 0.42 0.54 5.15 4.95
Current Assets 85.77 131.86 142.89 232.43
Total Assets 157.82 227.33 285.14 413.1
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2022 Mar 2023 Mar 2024 Mar 2025
Profit from operations 9 5.55 19.3 19.41
Adjustment 7.07 16.48 21.91 26.7
Changes in Assets & Liabilities -46.71 -33.44 -3.76 -59.73
Tax Paid -0.31 0.1 -0.1 -4.32
Operating Cash Flow -30.95 -11.3 37.34 -17.94
Investing Cash Flow -18.45 -27.01 -50.02 -55.18
Financing Cash Flow 49.4 40.51 18.56 65.92
Net Cash Flow 0 2.19 5.88 -7.2

VMS TMT IPO: Date, Share Price, Review & Details

VMS TMT, a Gujarat-based manufacturer of Thermo-Mechanically Treated (TMT) bars, is launching its Initial Public Offering (IPO) on September 17, 2025. The company plays a significant role in the steel industry, supplying TMT bars to a diverse customer base in Gujarat through a well-established distribution network.

About VMS TMT Ltd.

VMS TMT is engaged in the manufacturing of TMT bars at its facility in Bhayla Village, Ahmedabad, Gujarat. The company's business model is centered on:

  • Manufacturing: Producing TMT bars that are essential for the construction industry.

  • Distribution: A strong distribution network comprising 3 distributors and 227 dealers as of July 2025, primarily serving the Gujarat market (excluding the Saurashtra and Kutch districts).

  • Branding: VMS TMT has a retail license agreement with Kamdhenu Limited to market its TMT bars under the "Kamdhenu Brand" on a non-exclusive basis.

  • Allied Products: The company also generates revenue from the sale of allied products such as billets, binding wires, and scrap.

VMS TMT IPO Details (2025)

  • IPO Open Date: September 17, 2025

  • IPO Close Date: September 19, 2025

  • Price Band: Rs 94 – Rs 99 per share

  • Lot Size: 150 shares

  • Minimum Investment: Rs 14,850 for retail investors at the upper price band.

  • Issue Size: Rs 148.50 crore, which is entirely a fresh issue of 1.50 crore equity shares.

  • Listing: The shares will be listed on both the BSE and NSE, with a tentative listing date of September 24, 2025.

  • Registrar: KFin Technologies Ltd.

Use of IPO Proceeds

The proceeds from the IPO are intended to strengthen the company's balance sheet and fund its business needs. While specific details will be available in the Red Herring Prospectus, fresh issues are typically used for capital expenditure, debt reduction, and general corporate purposes.

Grey Market Premium (GMP)

As of September 15, 2025, the GMP for the VMS TMT IPO was Rs 21 per share.

What You Can Find on This Page

This page provides a comprehensive overview of the VMS TMT IPO, including:

  • Live IPO Subscription Status: Track the subscription numbers for QIB, NII, and retail categories in real-time.

  • Grey Market Premium (GMP): Get the latest GMP updates to gauge market sentiment.

  • Allotment and Listing Information: Find out the allotment status and track the share price once it is listed. The allotment is expected to be finalised on September 22, 2025.

  • Financial Data: Access detailed financial statements and key performance indicators.

  • Analyst Reviews: Read expert opinions and recommendations on whether to subscribe to the IPO.

Frequently Asked Questions (FAQs) about VMS TMT IPO

Q1: What are the key dates for the VMS TMT IPO?
The IPO is open from September 17 to September 19, 2025. The tentative listing date is September 24, 2025.

Q2: What is the price band and lot size for the IPO?
The price band is Rs 94 to Rs 99 per share, with a minimum lot size of 150 shares.

Q3: What is the total issue size of the IPO?
The total IPO size is Rs 148.50 crore, and it is entirely a fresh issue of shares.

Q4: How can I check the IPO allotment status?
You can check the allotment status on the registrar's website, KFin Technologies Ltd., after the allotment date, which is scheduled for September 22, 2025.

For the latest updates on the VMS TMT IPO, including subscription details, GMP, and listing information, keep visiting this page.

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